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  • Dollar General Q3 income up 21.3%; to open 635 stores in fiscal 2013

    Goodlettsville, Tenn. -- Dollar General Corp. on Tuesday posted a bigger-than-expected increase in quarterly profit and total sales in line with Wall Street expectations. But the chain said it remained cautious about the rest of the year, amid heightened pricing competition and

    Dollar General said it plans to open approximately 635 stores in fiscal 2013, including some 20 Dollar General Market stores and 40 Dollar General Plus stores. The company also plans to remodel or relocate a total of approximately 550 stores.

  • Casey’s Q2 profit down

    Ankey, Iowa -- Casey's General Stores Inc.'s reported Monday that its net income declined nearly 13% in its fiscal second quarter on lower sales of gasoline, groceries and cigarettes.

    Casey's made $32.9 million in the quarter ended Oct. 31, down from $37.6 million in the year-ago period.

    Revenue rose 7.2% to $1.91 billion. Same-store sales of gasoline fell 0.4%, while sales of merchandise dropped 0.7%. Cigarette sales were hurt by competitive pricing and an increase in an Illinois state excise tax, CEO Robert J. Myers said in a statement.

  • Toys ‘R’ Us posts wider Q3 loss under weight of interest expenses

    New York -- Toys “R” Us posted a wider loss for its fiscal third quarter due primarily to an increase in interest expenses. The retailer said it lost $105 million for the quarter ended Oct. 27, compared with a loss of $93 million in the year-ago period.

    Toys “R” Us attributed the wider loss to a $29 million increase in its interest expenses due to an issuance of senior notes and repayment of other senior note

  • Rite Aid same-store sales down 3% in Q3

    Camp Hill, Pa. — As expected, Hurricane Sandy left its mark on Rite Aid's monthly sales as the chain reported a decline in comps for November.

    The company said the 3% decrease in same-store sales for the five-week period ended Saturday included a 0.5% decrease in front-end comps and a 4.2% decrease in pharmacy comps, while same-store prescription count increased 2.2% compared with the same time last year.

  • Walgreens sales dip in November

    Deerfield, Ill. -- Walgreen Co. reported Wednesday that sales for November dipped 3.9% to $5.85 billion, compared with $6.09 billion for the same month in fiscal 2012.

    Total front-end sales decreased 0.3% and same-store front-end sales decreased 1.7%.

    Walgreens opened 39 stores during November, including 10 relocations and closed one.

     

  • Big Lots swings to loss in Q3; announces CEO retirement

    Columbus, Ohio -- Big Lots Inc. reported Tuesday a loss of $6 million for the third quarter, compared with net income of $4.2 million in the year-ago period. Results, however, topped analysts’ earnings expectations.

    Revenue slipped 0.4% to $1.13 billion, missing Wall Street’s forecast of $1.3 billion.

    The retailer also announced that its CEO Steven Fishman will retire as chairman and CEO after 40 years in retail. Big Lots has launched a search for his successor; Fishman will stay until a new CEO is appointed.

  • Christopher & Banks posts Q3 profit; new CEO takes reins

    Minneapolis -- Christopher & Banks said its net income totaled $3.6 million for the quarter ended Oct.27, compared with a loss $13.7 million in the year-age period.

    Revenue rose 2%, to $117.3 million from $114.6 million. The chain has closed more than 100 stores during the last year, but strong sales at its existing locations boosted revenue. Same-store sales rose 13.7%.

    Christopher & Banks noted that effective Nov.26, LuAnn Via joined the company as president and CEO.

  • Pier I Q3 sales up 10.9%; holiday shopping starts strong

    Fort Worth, Texas -- Pier I said its total sales increased 10.9% to $425 for the third quarter, ended Nov.15, with comparable-store sales rising 7.9% from the year-ago period.

  • Genesco Q3 profit jumps 56%; raises 2013 outlook

    Nashville, Tenn. -- Genesco Inc. said Friday its third-quarter profit increased to $41 million, from $26.2 million in the year-ago period, better than Wall Street expected. The company also raised its fiscal 2013 outlook, even as it warned that November was off to a slow start.

  • Comp momentum intact at Kroger

    Kroger extended its same store sales winning streak to 36 consecutive quarters and reported better than expected profits Thursday.

    The grocer reported a third quarter adjusted profit of 46 cents a share that exceeded analysts’ consensus estimate by three cents and said its identical store sales grew by 3.2%. Total sales, including fuel, increased 5.9% to $21.8 billion

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